TSXV:SSS.P - Post by User
Comment by
maypeterson Nov 08, 2022 10:34am
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Post# 35081864
RE:RE:Still stuck at $22.50!
RE:RE:Still stuck at $22.50!I wonder if the suspension of the DRIP some months ago had to deal because they were in advanced talks for the buyout.
As the weeks go by and we are closer to settlement of the deal the price will move higher.
The 4% is capital gains from here for 4-5 months while GIC is interest only and locked in for one year
I have seen the price go close to or above purchase price if market thinks there will be another party interested in buying at higher price. No chance of that in this case. The buyers are solid and do not see much issues here in the closing as shareholders would be sad to see SMU go away but the offer is pretty fair. geric wrote: I have a feeling it will not move much higher from this range. The 4+% to hold to closing of the deal minus the suspension of the distribution is likely a factor. Better return on a GIC maybe. Just my thoughts.